No shell game
Henrico consulting firm has big growth plans
Despite the challenging economic climate, a Henrico-based financial services consulting firm is moving forward with aggressive expansion plans.
With the addition of two new financial executives and an upgraded office space, Oyster Consulting is focused on assisting its clients with efficiency and business growth. The firm takes financial services firms under its wing to nurture business growth by providing audit, compliance, financial, operational and technology consulting.
Oyster assists broker/dealers, investment advisors, hedge funds, mutual funds, exchange-traded funds and private equity firms to create “simplicity in a complex environment,” according to managing director and founder Buddy Doyle.
Doyle is confident that Oyster will be able to maintain both its high quality and service as it expands.
“We have built a company specifically designed to achieve these satisfaction levels, because we believe they are the foundation of lasting, meaningful strength,” Doyle said. “We want to be a consistently profitable organization that develops a loyal client and employee base through the integrity of our associates and the quality and value of our advice and tools.”
Doyle, Patrick Dennis and Rob Hall founded the firm in October 2008. The trio previously worked with Wachovia Securities, but after that company purchased AG Edwards and moved its headquarters from Richmond to St. Louis, Doyle, Hall and Dennis gravitated toward a different ambition.
“While we started out as a compliance-consulting firm based on our backgrounds, we had the vision of creating a firm that comprehensively supports wealth management firms,” Doyle said. “Since then, we’ve attracted the highest quality consultants: both former Wachovia Securities colleagues and professionals from other firms.”
Currently, Oyster Consulting employs 35 consultants located in Richmond, Charlotte, the Washington, D.C. area, New York, Pennsylvania and Oregon.
In addition to adding training resources, relationship management and a sales force, Oyster Consulting also relocated recently to Innsbrook. Its 8,000 square feet of space will allow the team to accommodate more employees. In fact, during the next 12 months, Doyle expects the firm to surpass the 100-employee level.
“While some folks think we are experiencing pretty rapid growth, we feel as though we are just adding the resources we need to get going,” he said. “We are looking for exponential growth and our plan looks at the right time to add to marketing, sales, support, training and technology to support that growth.”
The two newest members to join the Oyster team, Paul F. Costello and Ann M. Griffith, were chosen for their experience in the financial industry and their leadership skills. Costello will handle strategic consulting and business development support, while Griffith will oversee regulatory compliance implementation and testing.
Griffith’s experience comes from serving 20 years as a director and in-house counsel at World Bank’s International Finance Corporation, Financial Industry Regulatory Authority (FINRA), U.S. Securities and Exchange Commission (SEC) and Credit Suisse Securities. Costello brings Oyster more than 30 years of leadership experience from his past positions as president and CEO of the First Variable Life Insurance Company; president of Mentor Family of Mutual Funds; president and CEO of First Clearing LLC; president of Business Services Group; COO, Wachovia Securities; and founding principal of Onyx Associates, LLC.
The firm’s consultants believe that its depth and breadth of services add value to its clients, Doyle said.
“You see a very diverse background from within wealth management. All come together as a team with over five centuries of combined experience to help our clients protect their firms, create efficiency and focus on growing their business,” he said. “Oyster is a boutique consulting firm that combines the sophistication, knowledge and experience of a big firm with the flexibility, service and costs of an entrepreneur.”
Richmonders Jim Morgan and Dan Stackhouse were married at Lewis Ginter Botanical Garden in Lakeside Mar. 7 month after winning the Say I Do! With OutRVA wedding contest in February. The contest was open to LGBT couples in recognition of Virginia’s marriage equality law, which took effect last fall. The wedding included a package valued at $25,000.
Morgan and Stackhouse, who became engaged last fall on the day marriage equality became the law in Virginia, have been together for 16 years. They were selected from among 40 couples who registered for the contest. The winners were announced at the Say I Do! Dessert Soiree at the Renaissance in Richmond in February. > Read more.
The Fourth Annual Healy Gala will be held Saturday, Apr. 11, at The Cultural Arts Center at Glen Allen from 7 p.m. to 11 p.m.
The event was created to honor Michael Healy, a local businessman and community leader who died suddenly in June 2011, and to endow the Mike Healy Scholarship (through the Glen Allen Ruritan Club), which benefits students of Glen Allen High School.
Healy served as the chairman of Glen Allen Day for several years and helped raise thousands of dollars for local charities and organizations. > Read more.
The Richmond Battlefield Ruritan Club is holding a Brunswick stew sale, with orders accepted through March 13 and pick-up available March 14. The cost is $8 per quart.
Pick-up will be at noon, March 14, at the Richmond Heights Civic Center, 7440 Wilton Road in Varina.
To place an order, call Mike at (804) 795- 7327 or Jim at (804) 795-9116. > Read more.
Disney’s no-frills, live-action ‘Cinderella’ delights
Cinderella is the latest from Disney’s new moviemaking battle plan: producing live-action adaptations of all their older classics. Which is a plan that’s had questionable results in the past.
Alice in Wonderland bloated with more Tim Burton goth-pop than the inside of a Hot Topic. Maleficent was a step in the right direction, but the movie couldn’t decide if Maleficent should be a hero or a villain (even if she should obviously be a villain) and muddled itself into mediocrity.
Cinderella is much better. Primarily, because it’s just Cinderella. No radical rebooting. No Tim Burton dreck. It’s the 1950 Disney masterpiece, transposed into live action and left almost entirely untouched. > Read more.
The Cultural Arts Center at Glen Allen’s 2nd Stage series will present “An Evening of Country” with The Honky Tonk Experience, April 9-10 at 7 p.m. in the center’s Cardinal Ballroom.
Formed in the spring of 2003, The Honky Tonk Experience performs country classics and current country music, from Johnny Cash and Waylon Jennings to Dwight Yoakam and Dale Watson. The “Experience” is composed of five local musicians – Brad Spivey, Mike Lucas, Mark Watts, Clark Ball and Ryland Tinnell. The group has shared the stage with several national acts, including Travis Tritt, BR5-49, Dale Watson, Webb Wilder and Junior Brown. > Read more.
Find out how your favorite dining establishments fared during their most recent inspections by the Virginia Department of Health. > Read more.
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CalendarUnited Feminists of Hermitage will screen the documentary film “Miss Representation” from 6 p.m. to 7 p.m. at Hermitage High School, 8301 Hungary Spring Rd. Written and directed by Jennifer… Full text